ISDA Morning Briefing: Brexit

Implications for Derivatives

Nov 27, 2017
London

Member $50 U.S.

Non-Member $100 U.S.

Register for ISDA Morning Briefing: Brexit

Educational Credits

1.75 Credit Hours Available (England and Wales)

2 CLE Credit Hours (NY) Transitional & Nontransitional

If you are interested in receiving NY CLE Credits, please email conferences@isda.org

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Nov 27, 2017

The consequences of the UK’s impending withdrawal from the EU is a hot topic which continues to reverberate through all major industries, both in the UK and on the continent. Although uncertainty remains rife across the board, prudent institutions have recognised the importance of early engagement and the benefits to be gained from proactive discourse. The potential for market disruption is particularly acute in the financial services sector. To combat this, ISDA has penned a set of responses to certain frequently asked questions (FAQs) which continue to evolve in conjunction with developments on the political and legal horizon. Another recent paper published by ISDA addresses the thorny issue of CCP location, which has potentially serious practical and systemic implications. ISDA has also submitted a response letter to the proposed regulation about supervision of CCPs and a location policy. In this breakfast briefing we will gather a number of experts to discuss these topics and the various corollary questions and considerations to be posed to regulators, political bodies and market participants.

8:00 AM Registration and Continental Breakfast

8:30 AM Welcoming Remarks Peter Werner

Peter Werner, Senior Counsel, ISDA

8:45 AM Legal and Documentation Issues – Impact of Brexit on Legal Agreements Mark Brown, Peter Werner

  • Brexit FAQ
  • Repeal Act
Mark Brown, Partner, Linklaters LLP
Peter Werner, Senior Counsel, ISDA

9:20 AM A Regulatory perspective – How will Brexit impact the Regulatory Agenda? Will Amos, Chris Bates, Fiona Taylor

This session will discuss the likely options available to UK financial services firms wishing to access EU financial markets. We will also discuss the challenges that need to be overcome in order to avoid market fragmentation and reduced market liquidity.

Will Amos, Partner, PwC
Chris Bates, Partner, Clifford Chance LLP
Fiona Taylor, Director, European Public Policy, ISDA

9:55 AM Implications of Clearing Location Policy Ulrich Karl

  • The Aim of EMIRII- Why does the EU want to change CCP supervision?
  • The Risk and cost of a Location Policy
  • Supervisory cooperation
  • The current status of discussions in Brussels - What is next?
Ulrich Karl, Head of Clearing Services, ISDA

10:30 AM Discussion Concludes

Allen & Overy LLP, One Bishops Square, London, E1 6AD. Phone +44 (0) 203 808 9700. A map to the venue can be found here. You will be required to provide photo identification in order to enter the venue. Please ensure you present this at the ground floor reception or you may be refused entry.

Peter Werner

Senior Counsel

ISDA

Mark Brown

Partner

Linklaters LLP

Will Amos

Partner

PwC

Chris Bates

Partner

Clifford Chance LLP

Fiona Taylor

Director, European Public Policy

ISDA

Ulrich Karl

Head of Clearing Services

ISDA

ISDA is an accredited provider of continuing education credits by the following organizations:

  • CLE ISDA has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the state of New York.
  • CPE Sponsory ISDA is registered with the National Association og State Boards of Accountancy (NASBA) as a sponsor of continuinh professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors: 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org.

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